Can Repairing Your Foundation Help with Your Home’s Valuation?
No American dream will be complete if it does not include purchasing your own home. However, getting your own space is getting a bit harder nowadays as home sales and prices are spiking across the nation - especially here in Seattle.
With the advent of work-from-home arrangements, getting your own space is more important now, more than ever. It is no longer enough to purchase a place just to have a place to “sleep in”. Homes should have enough space for recreation, rest, and work.
So, with the skyrocketing Metro Seattle real estate prices and diminishing supply of quality homes, is there anyone in the public that stands to get something out of this? Sure, there is. These are present property owners.
Being a seller of real estate might be beneficial for you nowadays. However, you have to make sure of one thing to get the most out of your property—make sure your home’s foundation is in stellar condition.
Why do you have to make sure your foundation is in impeccable condition?
A house foundation repair is one of the numerous elements that can significantly increase the property value of your home. A solid foundation prepares the way for additional aesthetic and structural value factors, whether you're planning to sell your house or just want to keep it valuable.
So how does foundation restoration increase the value of your home? Here are the 4 advantages that we have outlined for you.
1. A great house foundation prevents problems later on.
The framework of your house is supported by its foundation. In the absence of a good foundation, other home components will eventually experience its effects—that is, you will certainly feel (and see) some damage. If you think that usual wear and tear has already caused some damage, then it might not be too early to address any foundation problems, especially if you're considering selling your house soon. Not only will doing so possibly boost the value of your home, but it might also guarantee that it is always as secure as possible.
Your foundation's overall health and its propensity for additional deterioration will be revealed by a professional foundation inspection. If there are no visible symptoms of fundamental deterioration around your property, you might be reluctant to request an examination.
However, that doesn't mean those obvious indicators of damage to your foundation won't appear in a few months or during a severe storm. When you opt to undergo an inspection, you may identify any possible issues before they arise, which means you'll have fewer repairs and potential out-of-pocket costs when it comes time to sell your house.
If the examination does reveal a need for foundation repair, experts advise getting repairs made as soon as possible to help lower the likelihood of more expensive repairs.
2. Get the most value out of your property.
If you decide to sell your house despite its foundational issues, you have two options: either have it fixed before the buyer moves in or ask them to cover the cost of fixing it. Remember that you are legally compelled to inform prospective buyers of any foundational damage. Your worth and price point will decrease whether you fix it yourself after the sale or leave it to the buyer.
3. Make the property ready for any upgrades.
Modern homes with contemporary constructions, furniture, and appliances are more appealing to potential purchasers and can raise the overall worth of your home. A solid foundation guarantees that every step of the restoration process goes without a hitch, whether you build a deck, install new window panels, convert your basement into a game room, or even freshen up your wall paint.
4. Score some curb appeal.
Last, but certainly not least, your home will stand out among your neighbors if it has a solid foundation mixed with modern architecture, a lovely yard, and chic exterior décor. Your property value need not suffer as a result of your neighbors' unappealing housing conditions. To ensure excellent curb appeal and a superb evaluation, fixing your foundation is a great place to start.